Homework Answers
Solution 1:
| Reconciliation of Physical units | |||
| Beginning units | 280000 | Unit Completed | 3200000 |
| Unit started | 3160000 | Ending Units | 240000 |
| Total Units | 3440000 | Total Units | 3440000 |
Solution 2:
| Stem Games Manufacturers | |||
| Computation of Equivalent unit of Production - Wrapping department | |||
| Particulars | Physical Units | Material | Conversion |
| Units to account for: | |||
| Beginning WIP | 280000 | ||
| Started into Production | 3160000 | ||
| Total units to account for | 3440000 | ||
| Units accounted for: | |||
| Unit completed & Transferred out | 3200000 | 3200000 | 3200000 |
| Units in ending inventory: | 240000 | ||
| Material (100%) | 240000 | ||
| Conversion (45%) | 108000 | ||
| Equivalent units of production | 3440000 | 3440000 | 3308000 |
Solution 3:
|
Stem Games Manufacturers Computation of Cost per equivalent unit - Wrapping department |
|||
| Particulars | Material | Conversion | Total |
| Beginning invenotry cost | $188,900 | $19,840 | $208,740 |
| Current period cost | $1,840,700 | $277,880 | $2,118,580 |
| Total cost to be accounted for | $2,029,600 | $297,720 | $2,327,320 |
| Equivalent units of production | 3440000 | 3308000 | |
| Cost per Equivalent unit | $0.59 | $0.09 | |
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